Insurance for Heavy Motor Vehicle
As a Freight & Transport business, your trucks are your most valuable assets. But a lot can go wrong in the course of your business operations, and if you did suffer a collision or other unfortunate incident you’d want to make sure your business can get back up and running as quickly as possible.
A Freight & Transport Insurance pack arranged through Aon can help safeguard your business’s livelihood if something goes wrong. With several cover options to choose from, you can select the most appropriate package for your business, and have confidence knowing you’ve chosen a broker than understands the risks you face in your industry.
What does a Transport Pack typically cover?
- Third Party property damage (up to $50 million)
- Personal injury to a third party (if not covered by any statutory insurance)
- Removal of debris & clean up costs
- Fire, Policy and Emergency cost $100k
- Cover for your trucks, tarps & gates
- New replacement vehicle up to 3 years
- 45 days automatic inclusions cover up to $500k
- Up to additional 25% for finance payout
- Emergency Repairs up to $10,000
- Family travel Expenses $3,000
- Included as part of Commercial Motor
- $2.5m automatic cover, with option to increase up to $50m
- Removal of debris and clean up costs
- Diesel included
- Excludes radioactive waste and infectious diseases cartage
- Up to $100,000 automatic cover under Commercial Motor
- Material damage cover
- Includes BI for trailer owner
- Can purchase additional TIC if the company do it regularly
- Specifically designed to suit the transport, logistics and civil contracting industries
- Cover for legal liability for injury or damage caused by your business activities or products
- Automatic $100k CCC cover
- Covers transport operators for loss or damage to cargo they carry
- Three levels of cover to choose from: Accidental Damage Cover, Insured Perils and Liability only cover
- Cover for your lost revenue while your truck is being repaired
- Simply choose your benefit amount, benefit time and benefit excess
- Zero days waiting period being repaired
- No paperwork, EFT payments
Freight businesses Aon can arrange cover for
Electrical White Goods
Furniture (not house to house)
Live Stock and Poultry
Machinery
Premix Concrete
Why Aon?
Don't just insure, be sure.
Feel confident about your choice of insurance by talking with specialists in your industry.
All brokers based in Australia.
Our global scale means we can negotiate competitive quality insurance products with insurers.
We provide specialist resources on business insurance and risk management to help you stay on top of current and emerging risks in your industry.
Frequently Asked Questions
How do I work out which cover option I need?
The cover you need will depend on the type and nature of your business. As a bare minimum, Legal Liability for Third Party Damage and Injury is the most basic cover, but this only covers damage or injury you or your business is held liable for if you have an accident, and does not provide any cover for your own vehicle.
Is the cover for injury under the Legal Liability section same as what is covered under my Compulsory Third Party Insurance?
Cover for personal injury to a third party under the Legal Liability section will only apply where the injury is not covered by CTP.
How is the Public & Products Liability section different from the Legal Liability section?
The Public & Products Liability section provides cover for personal injury/damage to third party property that your business is held liable for in the course of its business activities. The Legal Liability section on the other hand provides cover for damage (or injury) to a third party your vehicle causes as a result of a collision.
Can I pay for my policy monthly?
Yes, you can. Monthly payments can be arranged through a premium funding agreement with Hunter Premium Funding2 to help you spread the costs of your insurance across the year. Please note that the total overall cost is higher if you pay monthly. Contact us on 02 6190 0958 or by email on [email protected]
How do I make a claim?
You will find details of how to make a claim in the policy wording you receive from us. However, we also appreciate that having to make a claim can be a stressful time which is why, as your advocate, we are always on hand to help with any questions. Please do not hesitate to call us on 02 6190 0958 during business hours.
What are your opening hours?
Our opening hours are 8.30am to 5:30pm Monday to Friday (AET, except public holidays). If you need to contact us out of hours you can email by clicking here and your query will be picked up on the next business day.
What if I need to make a change to my policy?
It is important to keep your policy up to date with the changing shape of your business but also to keep your business and personal information up to date in the event of a claim.
Should your business circumstances have changed, for example you have moved into new premises or you have changed the services that you offer and you are not sure if your existing insurance covers it anymore then you can always call one of our experienced friendly brokers to discuss on 02 6190 0958.
What are my payment options?
Payment for your insurance policies are generally due annually. A monthly payment option may be available through a premium funding provider. If you choose to take out a premium funding contract there will be charges (such as interest and/or fees) in addition to the premium you pay throughout the year. See the premium funding terms and conditions for full details1.
How do I renew my policy?
As your policy approaches its renewal date, you will receive a communication from us to advise you that your policy is almost due for renewal. If there have been changes to your business which we need to be aware of, its best you contact us at this point in time to inform us of these changes. If there have been no changes to your business, you do not need to do anything yet. We will then send you a renewal offer which will include a quote to renew your policy for the next 12 months. If you are happy with the quote (and are happy that all the details about your business are correctly specified on the quote), then you can follow the instructions outlined in your renewal to make payment. If you would like to make further changes, you can contact us to do so. It is very important you pay your renewal by the due date to avoid being uninsured.
If the goods my vehicle is carrying suffers loss or damage, who is liable for this damage?
If you are a subcontractor carrying goods for a client, your business may be held liable for any damage caused to goods whilst on your vehicle.
If the goods my vehicle is carrying is damaged while loading or unloading, who is responsible for this damage?
If goods are damaged while loading and/or unloading from your vehicle, as the subcontractor, your business may be held liable for this damage.
Are third party trailers covered under my policy?
Under Freight & Transport policy arranged through Aon, cover for third party trailers is available as an option. This section is called ‘Trailer in Control’, and provides up to $100,000 cover for trailers under certain circumstances. This feature is not automatically included and must be selected under your policy to be covered.
Am I assuming any uninsured liabilities under my contracts and agreements with third parties?
If you have been subcontracted, this will depend on the terms stipulated within your contract.
Is it possible to cover any downtime if my truck is out of action?
Cover for downtime is also available as an optional extra under a Freight & Transport policy arranged through Aon. If you select this option, you will need to nominate a benefit amount, period of time the cover will apply, as well as an excess.
What radius am I limited to under my policy?
This will be determined by the insurer based on the type of business you operate and your specific policy. It will typically be specified on your policy schedule.
How does a No-Claim Bonus work?
A ‘No-Claim Bonus’ is a discount that is applied to an insurance premium based on your claim history. Under motor policies, it is designed to reward drivers with a good driving history (such as those who have not had any at-fault accidents) with reduced premiums. Once you make a claim, your no-claim bonus will typically be reduced the following year. Then it will begin to increase again each consecutive claim-free year. Remember though, not all insurers offer a no-claim bonus in their policies, so its best to check this before making a decision.
Do I need to take out separate insurance to cover my employees?
Yes, if you employ staff, you will need to take out Workers Compensation Insurance. You can speak to your state regulator about your needs as coverage and legislation varies between different states.
Ways to get in touch
Or call us on 02 6190 0958, email us on [email protected]
1Subject to full terms, conditions and limits of the policy. Please review the full policy wording for more information.
2Hunter Premium Funding is a third party independent of Aon, however Aon will receive a commission if you pay for your policy through a premium funding agreement with them.